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Peninsula Land to acquire 71% stake in RR Mega City Builders

29 Oct 2018 Evaluate

Peninsula Land through its subsidiary -- Peninsula Holding and Investment (PHIPL) -- has entered into a Securities Purchase Agreement to acquire 71% equity shares of RR Mega City Builders on October 25, 2018, thereby making it a step-down subsidiary of the company.

The Company through its subsidiary already held 14% of the Equity Shares of RR Mega City Builders. The company’s main objective of the acquisition is to enhance interest in Real Estate Project Company.

Peninsula Land is a holding company engaged in construction business. The company is engaged in the business of real estate development. Its segments include Realty, Renting and Others.

Peninsula Land Share Price

18.00 0.19 (1.07%)
11-May-2026 11:23 View Price Chart
Peers
Company Name CMP
Lodha Developers 934.85
Dilip Buildcon 478.65
DLF 596.25
Oberoi Realty 1672.95
Ahluwalia Contract(I 826.70
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